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Congress is resorting to politics of maligning opponents

Congress is resorting to politics of maligning opponents and recent article on BJP President’s son in a website was aimed at that. His son as filed a 100cr defamation suit on the author, editor(s) and owner(s). Some facts:

1) Rohini Singh’s article in Wire is hollow. No favour. No impropriety. Only malicious imputations.

2) Since when has taking a loan by cheque become illegal? Jay Shah’ company took a loan from NBFC, disclosed it in income tax.

3) Is Jay Shah not allowed to take loan on market rates of interest from a registered NBFC? Where is the favour / impropriety?

4) Kapil Sibal does not understand the distinction between a non-funded L/C and a loan. He must go back to the law school.

5) Taking a non-funded LC facility from bank after hypothecating goods and mortgaging property is an honest business activity.

6) IREDA gives loans to several investors in renewable energy. Is Jay Shah debarred from the loan because he is Mr Shah’s son?

7) IREDA loan was at a steep 11.4% and ICD at commercial rate, all of which was duly repaid, along with interest and tax! No overdues.

8) Every new business starts with nil turnover on day one, expands later. What is wrong with legitimate expansion of business?

9) This was a legitimate agri commodity export import business, where volumes are high and margins are low so 16,000x misleading.

10) Rohini Singh and Wire published the story despite adequate clarification. The